No industry in the United States better represents the successes and the failures of American industrial policy over the last 50 years than aerospace. The major players in the aerospace industry are Boeing, General Electric, McDonnell Douglas, and Pratt & Whitney-have helped secure the peace and have created a global air transportation market. The American aerospace industry grew through the combination of defense spending, an expanding commercial market, and a skilled workforce that produced airplanes better and quicker than anywhere else in the world. …
